1729 Hazelwood StConroe, TX 77301

This well-maintained, single-story duplex in Conroe, Texas, presents a compelling investment opportunity. Located at 1729 Hazelwood St, in Montgomery County, zip code 77301, this Class B property boasts 100% occupancy with a current gross monthly income of $2,075 ($24,900 annually). The asking price is $450,000, representing a $225,000 price per unit and a 5.00% cap rate. The property benefits from long-term tenants (mostly month-to-month leases), allowing for potential rental increases with 30-day notice. All utilities are paid by tenants, simplifying management. Conroe's rapid growth, fueled by factors such as the recent opening of a large Home Depot distribution center just five minutes away, ensures a stable rental market. The property's proximity to The Woodlands and downtown Conroe further enhances its appeal. This investment offers significant upside potential through market-rate rent adjustments. Conroe is consistently ranked among the fastest-growing cities nationally, making this a highly attractive investment in a thriving Texas market. The property is currently listed as a stabilized investment.